07/19/2023
Raymond James UK profits boosted 50% despite £1bn asset squeeze
A swathe of client inflows allowed the UK division of Raymond James to increase its profits, despite volatile markets in 2022.
Wealth and Asset Management
07/19/2023
Hargreaves Lansdown posts 6% increase in net new business for Q2 2023
AUA up 2%
07/19/2023
Global Survey Shows Wealth Management Ecosystem at Inflection Point
This heightened focus on client experience and more specifically the digital client experience stems from evolving client expectations and the threat of digital disruptors.
07/18/2023
AdvisorHub names Rise Private Wealth Management co-founder and CEO Brent Kiley among ‘Advisors to Watch over $1Bil’
AdvisorHub recognizes elite financial advisors who manage more than $1 billion in client assets based on their innovation, professionalism, and success in the business.
07/18/2023
Citi Wealth Unit Posts Mixed Results Ahead of Sieg Takeover
Citi includes in that tally not only brokers but also private bankers, so-called financial client advisors, relationship managers, and investment counselors.
07/18/2023
Private bank CIOs inch back into equities
In the latest edition of the Top 30 Super Allocators, Europe’s biggest private banks are getting more upbeat about equities, especially with Japan and Asia still going strong.
07/18/2023
Coutts to allow customers to proceed with mortgage without ‘full banking relationship’
Coutts said there was no need to fund monthly mortgage payments via this account and customers would need to undergo full onboarding checks.
07/18/2023
Close Brothers could spark new wealth bid frenzy
The group is exploring a potential sale of its wealth business, Close Brothers Asset Management, according to a recent report by Bloomberg.
07/18/2023
The urgent need for digitalization in wealth management
Prioritize investment in digital tools for greater profitability and client engagement.
07/18/2023
Arbuthnot Banking Group Unaudited results for the six months to 30 June 2023
Arbuthnot Banking Group PLC is the holding company for Arbuthnot Latham & Co., Limited.
07/18/2023
Kingswood-owned DFM IBOSS surpasses £2bn in assets under influence
The asset manager benefits from a ‘larger team’
07/18/2023
Shareholder group publishes counter offer for GAM
The tender offer is around 30% higher than Liontrust’s but covers only 17.5% of all GAM shares.
07/18/2023
Credit Suisse: This monolith is also crumbling now
Meanwhile, UBS has to ask itself how big it actually wants to get in the prestigious business, which is considered one of the "prime pieces" of the old CS.
07/18/2023
Quilter introduces new features to support vulnerable customers
Quilter has also launched a new customer facing ‘additional needs’ online support to help customers explore the support on offer for people with additional needs.
07/18/2023
Morgan Stanley beats estimates on record wealth management revenue
Revenue of $13.46 billion vs. expected $13.08 billion.
07/17/2023
UAE builds position as global financial hub
Leclercq highlighted that in recent years the UAE economy has attracted long-term investments from Europe and elsewhere, with the golden visa system making the country significantly more attractive to overseas investors.
07/17/2023
Morgan Stanley Shifts Focus to High-Net-Worth Clients, Transfers Less Affluent Customers to Ord Minnett
The review was prompted by the presence of inactive wealth management clients with assets under $1 million, which led to a reassessment of the business.
07/17/2023
Change of leadership in the corporate clients area of Credit Suisse (Switzerland) Ltd.
In addition, Daniel Hunziker has been President of the Zurich Banking Association since 2019.
07/17/2023
GAM Holding AG provides an update on the Group's expected first half 2023 results
This compares to the IFRS net loss after tax of CHF 275.2 million for the first half of 2022.
07/17/2023
FusionIQ integrates with wealth management platform Blueleaf
Client updates and reports, performance reporting, account aggregation, billing and invoicing as well as portfolio monitoring services are available on the Blueleaf platform.